Which of the Following Is True of General Agents and Special

question 80

Multiple Choice

Which of the following is true of general agents and special agents?

• A)General agents have the power to bind the principal by their actions,while special agents do not.
• B)A general agent is employed to conduct a series of transactions,while a special agent is employed to conduct a small,simple group of transactions.
• C)Special agents are gratuitous agents,i.e. ,they are not paid by the principal,while general agents receive consideration for their services.
• D)General agents can appoint subagents to carry out the principal's tasks,while special agents cannot.

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Definitions:

Critical Networks

Essential systems or networks of connections that are vital for the operation of a community, organization, or system, often relating to infrastructure or communication.

Engineered

Pertains to something meticulously designed or constructed with a specific purpose or outcome in mind, often using scientific principles.

Marketing Mix

The combination of factors that can be controlled by a company to influence consumers to purchase its products, typically identified as product, price, place, and promotion.

Relational

Pertaining to or concerning the way in which two or more concepts, objects, or people are connected.